ADVISOR USE ONLY

Taking Advantage of Canadian DividendsDon Simpson, BBA, CFA

Vice President & Portfolio ManagerRory Ronan, CFA

Vice President & Portfolio Manager

Eric Mencke, CPA, CA, CFA

Vice President & Portfolio Manager

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Greg Limburg, CFA, MBA, MFinEquity Analyst5+ years industry experience5+ years industry experience

The Investment Team

Don Simpson, BBA, CFAVice President & Portfolio Manager25+ years industry experience

Rory Ronan, CFAVice President & Portfolio Manager25+ years industry experience

90+ combined years of industry experience

Eric Mencke, CPA, CA, CFAVice President & Portfolio Manager20+ years industry experience

Pete Robic, CFA, CPA, CASenior Equity Analyst10+ years industry experience

Over $7.5 billion AUMacross Dynamic, Scotia and High Net Worth channels

25+ years industry experience

25+ years industry experience

20+ years industry experience

10+ years industry experience

Funds managed• Dynamic Value Fund of Canada / Canadian

Value Class• Dynamic Dividend Advantage Fund / Class• Dynamic Value Balanced Fund / Class• Dynamic Canadian Dividend Fund• Dynamic Canadian Equity Private Pool Class• Dynamic Active Canadian Dividend ETF1

1The investment team manage the ETF’s underlying Dynamic Active Canadian Dividend Fund. Series O units of this fund are available for purchase exclusively by Dynamic Active ETFs and are not otherwise available for purchase.

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A Stock Picker’s Market

2016 2017 2018 2019 2020

Top Contributors

Royal Bank Of Canada Royal Bank Of Canada Shopify Inc. Shopify Inc. Shopify Inc.

Bank Of Nova Scotia Toronto-Dominion Bank Thompson Reuters Corp. Enbridge Inc. Canadian Natl Railway Co.

Toronto-Dominion Bank Canadian Natl Railway Co. CGI Group Inc. Brookfield Asset Mgt. Canadian Pacific Railway Ltd.

Canadian Natural Resources Bank Of Nova Scotia Waste Connections Royal Bank of Canada Barrick Gold Corp.

Barrick Gold Corp. Brookfield Asset Mgt. Crocodile Gold Corp. Transcanada Corp. Wheaton Precious Metals

Bottom Detractors

Valeant Pharms. Intl. Enbridge Inc. Canadian Natural Resources Prescient Mining Corp. Suncor Energy Inc.

Concordia Intl. Cenovus Energy Inc. Bank Of Nova Scotia Teck Resources Ltd. Enbridge Inc.

Blackberry Ltd. Crescent Point Energy Corp. Manulife Financial Corp. Encana Corp. Canadian Natural Resources

Empire Company Ltd. Barrick Gold Corp. Suncor Energy Inc. SNC-Lavalin Group Inc. Pembina Pipeline Corp.

Gildan Activewear Inc. Seven Generations Energy Transcanada Corp. Oceanagold Corp. Manulife Financial Corp.

Source: Dynamic Funds

LegendFINANCIALS ENERGY MATERIALS TECHNOLOGY INDUSTRIALS

HEALTHCARE DISCRETIONARY STAPLES REAL ESTATE UTILITIES

Historical Look at the S&P/TSX Composite Index

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A better risk/return opportunity

Buy Discipline

An undervalued, overlooked, or misunderstood business

Short-term uncertainty

What triggers a buy:

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Sell Discipline

Material adverse change

Persistent operational issues

Better opportunity available

What triggers a sell:

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Investing in Quality For The Long-Term

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Dynamic Canadian Dividend FundPortfolio Overview

Lead Portfolio Manager: Don Simpson, BBA, CFA Invests in high-quality dividend-paying companies trading at a discount Dividend growth investment philosophy Owns companies of any capitalization size (10-15% Small Cap exposure) Min. 70% Canadian holdings with flexibility to search outside of Canada Fixed monthly distribution Significant investment by Portfolio Managers

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Dynamic Dividend Advantage FundPortfolio Overview

Lead Portfolio Manager: Rory Ronan, CFA Invests in high-quality & select misunderstood dividend-paying companies More value-titled than our other mandates Owns companies of any capitalization size Min. 70% Canadian holdings with flexibility to search outside of Canada Fixed monthly distribution Significant investment by Portfolio Managers

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Dynamic Dividend Advantage Fund3.5 Years in the Making

70%

30%

A Unique Barbell Approach

High-Quality Companies

Select Misunderstood Companies

70% of the portfolio is invested in high-quality long-term compounders i.e., banks, insurance companies, railroads, and

pipelines

30% of the portfolio is invested in undervalued, overlooked, or misunderstood companies that are less likely to be in a traditional dividend fund i.e., Fairfax Financial Holdings, SNC-Lavalin Group,

George Weston, and ARC Resources

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Important information

ADVISOR USE ONLY - This presentation has been prepared by 1832 Asset Management L.P and is provided for information purposes only. Views expressed regarding a particular investment, economy, industry or market sector should not be considered an indication of trading intent of any of the mutual funds managed by 1832 Asset Management LP. These views are not to be relied upon as investment advice nor should they be considered a recommendation to buy or sell. These views are subject to change at any time based upon markets and other conditions, and we disclaim any responsibility to update such views. To the extent this document contains information or data obtained from third party sources, it is believed to be accurate and reliable as of the date of publication, but 1832 Asset Management L.P. does not guarantee its accuracy or reliability. Nothing in this document is or should be relied upon as a promise or representation as to the future. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments and Dynamic Active ETFs. Please read the prospectus before investing. The indicated rates of return are the historical annual compound total returns including changes in unit values and reinvestment of all distributions, except that returns are cumulative for YTD and periods of less than one year. These returns do not take into account sales, redemption or option changes or income taxes payable by any security holder that would have reduced returns. Mutual funds and ETFs are not guaranteed, their values change frequently and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. DXC is managed by BlackRock Asset Management Canada Limited and invests in a mutual fund managed by 1832 Asset Management L.P. © Copyright 2021 1832 Asset Management L.P. All rights reserved. Dynamic Funds® is a registered trademark of its owner, used under license, and a division of 1832 Asset Management L.P. ™Trademark of its owner, used under license.